Hunan Zhongke Electric Balance Sheet Health
Financial Health criteria checks 4/6
Hunan Zhongke Electric has a total shareholder equity of CN¥5.1B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are CN¥10.7B and CN¥5.7B respectively. Hunan Zhongke Electric's EBIT is CN¥241.1M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥951.9M.
Key information
53.1%
Debt to equity ratio
CN¥2.69b
Debt
Interest coverage ratio | 1.8x |
Cash | CN¥951.92m |
Equity | CN¥5.07b |
Total liabilities | CN¥5.65b |
Total assets | CN¥10.72b |
Recent financial health updates
Hunan Zhongke Electric (SZSE:300035) Has A Somewhat Strained Balance Sheet
Jun 21Hunan Zhongke Electric (SZSE:300035) Has A Somewhat Strained Balance Sheet
Feb 28Recent updates
Hunan Zhongke Electric (SZSE:300035) Has A Somewhat Strained Balance Sheet
Jun 21Hunan Zhongke Electric (SZSE:300035) Has Affirmed Its Dividend Of CN¥0.15
Jun 02Why Hunan Zhongke Electric's (SZSE:300035) Earnings Are Better Than They Seem
May 03Returns On Capital Signal Tricky Times Ahead For Hunan Zhongke Electric (SZSE:300035)
Mar 25Hunan Zhongke Electric (SZSE:300035) Has A Somewhat Strained Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 300035's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 300035's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 300035's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: 300035's debt to equity ratio has increased from 29% to 53.1% over the past 5 years.
Debt Coverage: 300035's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 300035's interest payments on its debt are not well covered by EBIT (1.8x coverage).